Abu Dhabi's International Petroleum Investment Company (IPIC) has signed an $850m, three-year syndicated loan with mandated lead arrangers Barcap, BNP Paribas, Bank of America Merrill Lynch, DBS and Standard Chartered, Reuters has reported. The refinancing carries all-in pricing of approximately 100 basis points (bps), which deterred some lenders from supporting the deal. However, the sovereign fund's high profile and strong relationships with international lenders meant it was able to attract the support it needed.